Takaichi’s Cabinet approves consumption tax cut on food

The Japanese Cabinet, led by Sanae Takaichi, has officially approved a reduction in the consumption tax rate applied to food items. This policy shift is intended to address economic conditions, though the specific timeline for implementation and the scope of the tax adjustment remain central to the government's current fiscal agenda.

While the Liberal Democratic Party largely supports the measure, the decision has met with internal resistance. Several party veterans have voiced opposition to the tax cut, expressing concerns that the reduction could trigger broader economic instability and political complications for the administration.